Research Journal of Economics

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Hassan Mohammadiand Monalisa Kulkarni Author

hmohamma@ilstu.edu 309(438)7777 | 309(438)7777

Subjects of specialization
Energy demand,Income elasticity,Panel cointegration,Price elasticity,Common-correlated effect mean-group estimators

Affiliation
Department of Economics, Illinois State University, Normal, IL 61790-4200, USA

Biography

Hassan Mohammadi Department of Economics, Illinois State University. His publication include: 1. Mankiw NG (1998) Principles of Economics, Fort Worth, Texas, USA. 2. Taylor LD (1975) The demand for electricity: a survey. Rand J Econ 6: 74-110.

Publications

Research Article Open Access

Long-Run Relation and Short-Run Dynamics in U.S. Energy Demand: Evidence from Panel Data across Energy Sources and User Ends

Author(s):

Hassan Mohammadi and Monalisa Kulkarni

Long-run relations and short-run dynamics of demand for energy, electricity and natural gas are examined using panel data for 48 U.S. states over 1970-2013 periods across the residential, commercial and industrial sectors. Five noteworthy points are evident: (1) Tests of cointegration, which account for cross-sectional dependency, suggest the existence of stable demand functions across the three sectors. (2) Estimates of price and income elasticities have the correct signs and are significant across most sectors. (3) Energy demand is both price and income inelastic in the long-run across different types of energy and end-use sectors. (4) There is no evidence of substit... view more»

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